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The lesson cites two fundamental principles that underlie decision criteria in financial management. Which pair correctly names those two principles?
Answer & Solution
Correct answer: D.
1. The lesson names two fundamental decision-criterion principles.
2. The first is "Bigger and Better" — bigger benefits preferred over smaller ones.
3. The second is "Bird in Hand is Better than Two in the Bush" — early benefits preferred over later benefits.
4. The other pairings are colloquial sayings, not the lesson's named principles.
_Source: ICSI CS Executive Paper 8 (Financial and Strategic Management) — Lesson 1: Nature, Significance and Scope of Financial Management, pp. 6-20._
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